ElevenLabs, the AI voice generation startup, has achieved over 330 million dollars in annual recurring revenue. CEO Mati Staniszewski shared this milestone in an interview, highlighting the company’s rapid growth trajectory. The company was founded in 2022 and launched its first product in 2023. It took twenty months to reach 100 million dollars in ARR, ten months to reach 200 million, and just five months to reach the current figure.
Staniszewski noted that both Fortune 500 companies and startups are adopting its voice agent technology. This technology uses company data and knowledge bases to power customer support and customer experience interactions. The company has reported that enterprises are now using its technology to handle more than fifty thousand calls per month.
The startup raised 180 million dollars in a Series C funding round in June 2025, which was co-led by Andreessen Horowitz and ICONIQ Growth. This round valued the company at 3.3 billion dollars. Just three months later, its valuation doubled to 6.6 billion dollars when ICONIQ and an earlier investor, Sequoia, invested another 100 million dollars to acquire employee shares.
Beyond its core voice generation and voice agent models, ElevenLabs expanded into music creation capabilities last year. The company has also secured deals with celebrities, including Michael Caine and Matthew McConaughey, to use their voices for AI-generated content.